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Costco Wholesale stock is approaching key resistance levels.
Oppenheimer raised Costco's price target to $1,160 and maintained it as a top pick.
KEY POINTS
- Analysts highlight possible special dividend or stock split as factors adding to bullishness.
- Costco stock is trading notably above its key moving averages, signaling a stretched uptrend.
- RSI at 71.70 suggests the stock may face a near-term pullback or sideways movement.
- Key support sits at $985, close to the 100-day SMA/EMA, as a level to watch for buyers.
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